Austal Limited Announces Director’s Share Disposal

Austal Limited ( (AU:ASB) ) has shared an update.

Austal Limited announced a change in the director’s interest, with John Rothwell disposing of 13,160,000 ordinary shares valued at $50,008,000. This transaction, conducted as a block trade through special crossings, is part of Austro Pty Ltd’s non-underwritten sell-down. The shares are subject to a six-month disposal restriction from March 17, 2025, indicating a strategic financial maneuver that may impact the company’s market positioning and stakeholder interests.

More about Austal Limited

Austal Limited is a company operating in the shipbuilding industry, specializing in the design and construction of aluminum vessels. The company focuses on providing innovative maritime solutions and has a significant presence in both defense and commercial markets globally.

YTD Price Performance: 27.45%

Average Trading Volume: 6,081

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $900.1M

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